Diversified manufacturing company Compass Diversified Holdings (CODI) has announced a new fixed rate preferred unit issue that will have a ticker of CODI-C when it begins to trade on the NYSE.
CODI is a limited partnership and thus any distributions are non qualified and the investor will receive a K-1 at tax time. Distributions will be cumulative.
The company has 2 other issues outstanding which can be seen here. These 2 issues have traded rather weakly.
Thanks to If you Prefer and George for being on this one.